GLOBAL PETROLEUM, GAS AND OIL MARKETS AND GLOBAL ENVIRONMENTAL AND EMERGING ISSUES

DIPLOMA IN PETROLEUM MANAGEMENT MODULE I
November 2015

Answer ANY FIVE questions
1. (a) Outline the roles of organizing of Petroleum Exporting Countries ( OPEC) in  regulating the oil supply in the international market. ( 8 marks)
(b) Highlight factors that may contribute to global warming. ( 12 marks)
2. (a) In the year 2007 to 2008 , there was a sharp increase in oil prices on the international Market. Highlight the factors that may have caused the price increase. ( 12 marks)
(b) Outline four aspects that are covered by the Kyoto protocol. ( 8 marks)
3. (a) Highlight the benefits that may be derived from the use of natural gas. (10 marks)
(b) Highlight the benefits an economy may derive from generating and using biogas as a
source of energy. ( 10 marks)
4. (a) There has been an increase in demand for petroleum products in China. Highlight the
Effects of this increased demand to the country. ( 12 marks)
(b) A number of countries are changing to the use propane as a source of energy. Outline the
advantages of using this source of energy. ( 8 marks)
5. (a) Outline the factors that make biodiesel less popular in the market. ( 10 marks)
(b) A country intends to formulate a policy on reduced diesel engine emission. Highlight the
Aspect that need to be incorporated in this policy. ( 10 marks)
6. (a) outline factors that contribute to easy distribution and transportation of Liquefied Natural Gas ( LNG). (10 marks)
(b) Explain the factors that may contribute to the price fluctuation of crude oil in the global markets. ( 10 marks)
7. (a) highlight the adverse environmental effects that may arise from the word’s increased dependence of fossil fuel. (10 marks)
(b) Describe the steps that should be followed in the natural gas drilling process. ( 10 marks)



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